The famous same Cryptoin Fartcoin recently obtained a hotspot on radars of Crypto traders and investors, embarking on a Bull Run with more than 170% of monthly gains and 30% per week. Recent data on the market have indicated that an intelligent trader has made heavy bets on the crypto of memes Solana in the middle of this Bull Run. Consequently, the wider feelings of the market concerning the long -term price prospects of the token remain optimistic. A particular increase in the open interest of the Jeme (OI), because it has reached a new summit, solidified the increase in the meantime.
Fartcoin Smart Trader is betting again, what's going on?
According to the Loononchain tracker on X, an intelligent trader Fartcoin who previously won $ 5 million has again made bets on the same token. According to data, this intelligent crypto merchant spent 563K USDT to buy 488k intraday tokens. In turn, this merchant now has $ 2.48 million in the solana same corner.
Previous data show that the same merchant entered the token market when its market capitalization was $ 32 million, which allowed $ 5 million. However, at the time of the press, the market capitalization of the memes Solana rested at $ 1.17 billion, stressing remarkable growth.
For the context, intelligent traders are experienced investors on the market, known for their profit strategies. Thus, the accumulation of even money pieces has gained significant traction, which suggests that a supported Bull Run and more gains are in advance.
At the time of the press, the price of Fartcoin climbed almost 14% intraday and exchanged hands at $ 1.17. The weekly and monthly graphics of Solana even presented gains of 30% and 178%, respectively.
Open interest strikes high record
In addition, Linen data reported that the future of the same corner OI recently exceeded the $ 600 million mark, increasing by almost 12% in one day. On the other hand, even the volume of the token derivative market climbed 32% to $ 1.89 billion. These statistics have underlined increased market participation in the token, cut a bullish future for prices action more.
Not long ago, the same part was negotiated below the price level at $ 1. Now Cairsegappe reported that the price of Fartcoin in April could reach $ 50, an optimistic but not impossible price target, given the recent uptreed metrics.
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Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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